02/05/2010 | Oil Market |
The refining crisis was focus of the talk given by Unione Petrolifera chairman Pasquale De Vita on the occasion of presentation of the 2009 report. De Vita sees the fall in consumption and exports as leading to “closure of 4 or 5 refineries, which are too many”. That means that 7,500 jobs are also a ...
02/05/2010 | Oil Market |
This time talks between Erg and Total have not fizzled out like those six years ago with Kupit, but were successful, resolving the two knotty problems indicated in July when we reported the beginning of negotiations. One concerned the division of share capital (51% Erg, 49% Total) and that of asset ...
Erg's joint venture with Total in the downstream, which follows that with Lukoil in refining in 2008 (see SN n. 4 2010), has entailed a reorganization for Erg also because of investments in Erg Power and Isab Energy planned for the first half of this year. A company statement reports that the chain of command will be shortened through the merger of the two sub-holding companie ...
02/05/2010 | Natural Gas - Lng - Lpg |
Stogit has published the stockpiling capacity offered for the next thermal year, which includes an additional working gas space of 21.39 MGJ (about 540mn m3 at 39.2 GJ/m3), 13 of which are however linked to projects awaiting authorization. The maximum input and output capacities remain unchanged, as ...
02/05/2010 | Natural Gas - Lng - Lpg |
The European Commission has recognized that Italy acted in line with EU norms in its Eia for the onshore Lng terminal in Zaule, near Trieste, despite the protests of neighboring Slovenia. The Ansa agency in Trieste reported the news, and added that the absence of grounds for an infraction procedure ...
02/05/2010 | Oil Market |
Eni's Taranto refinery (90,000 b/d) is once again fully operative after its shutdown for maintenance from Dec. 17 to Jan. 16. The closure had been decided by Eni because of weak margins, a result of the economic crisis (see SN n. 49 2009). ...
Last Friday, when Istat published statistics on unemployment in Italy showing that over 2mn were without jobs (see SN n. 45 2009), premier Silvio Berlusconi wrote Alcoa asking the company not to close its Italian factories, at least “until the European Commission has proceeded to examine the provision”, an examination expected to take place in the course of the month. Berlusco ...
02/05/2010 | Renewables and Conservation |
To reach the target for renewable energy use in the EU 2020 plan, Italy intends to import electricity for 1.1 Mtep a year until that date (about 13.9 TWh). This Economic Development Ministry forecast is a response to EU directive 2009/28/CE on energy from renewable resources. Imports will cover 0.08 ...
02/05/2010 | Renewables and Conservation |
A goal of 8,000 MW of solar energy in 2020. Maximum capacity subject to incentives at 3,000 MW with rates down at the beginning of 2011 from 5 to 14% according to the power classes. Subsequent progressive rate reduction each four months of 5-12% (according to the type) in the course of 2011 and of 6 ...
02/05/2010 | Natural Gas - Lng - Lpg |
With 31 days for possible offloading not yet reserved in 2010, Adriatic Lng – the company managing the Rovigo Lng terminal – has announced that slots still available this year could be five, on the condition that in correspondence with the days of availability there is also regasification capacity a ...
02/05/2010 | Natural Gas - Lng - Lpg |
The Council of State has given definitive approval to the project of Olt Offshore Lng Toscana for Livorno, against Greenpeace and private citizens who presented recourses against the 2006 authorization of the project. In 2008, the Tuscan administrative court Tar had partially accepted the recourses, ...
02/05/2010 | Environment |
Environment minister Stefania Prestigiacomo has authorized the 500mn-euro reclamation project for Gela's petrochemical industry (see SN n. 2 2010). The news pleased both business and labor. The 500mn euros for the refinery will be used for “Steam Reforming”, for the production of hydrogen, and for the “Klaus” which cuts sulfur in fuels. At the same time, a new 120,000 t tank f ...
Ies has announced that Pietro Vannucci, ex-commercial director and board member of the company, is leaving both it and the Mol group. Gyorgy Dezsenyi, named by Mol as coordinator for Ies downstream, will take over the function of commercial director. Zsolt Szalay of Mol and Vincenzo Greco, director ...
Saipem has been awarded two contracts for the charter of the semi-submersible rig Scarabeo 3, at present idle, for a total period of nine months plus options starting from January 2010. In addition, Saipem has reached an agreement with the Egyptian company IEOC for the extension until June 2013 of t ...
02/05/2010 | Exploration & Production |
The energy and oil minister of Venezuela and chairman of PDVSA, Rafael Ramírez, and Eni Ceo, Paolo Scaroni, have signed, in the presence of Venezuelan president, Hugo Chávez, three agreements, one for development of the giant heavy oil field of Junin 5, with 35bn barrels certified, another technolog ...
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